The Analytical Overview of the Main Currency Pairs on 2017.07.03

The EUR/USD currency pair

Technical indicators of the currency pair:

Prev Open: 1.14390

Open: 1.14180

% chg. over the last day: -0.13

Day's range: 1.13942 – 1.14272

52 wk range: 1.0366 – 1.1616

Last week, the US dollar appreciably weakened against the major world currencies. The euro was supported by the
comments of the ECB head. In the near future, the regulator may raise the issue of reducing the program of
motivation. During this period, the growth of the EUR/USD quotations exceeded 200 points. Nevertheless, at the
moment the technical pattern is ambiguous. The correction of the EUR/USD quotations is possible. The key trading
range is 1.13800-1.14400. Positions must be opened from these levels.

The economic calendar on 2017.07.03:

– The index of business activity in the manufacturing sector of Germany – 10:55 (GMT+3:00);

– The index of business activity in the manufacturing sector of the Eurozone – 11:00 (GMT+3:00);

– The index of business activity in the manufacturing sector of the US from ISM – 17:00 (GMT+3:00).

The price is close to 50 MA, which is currently a fairly strong dynamic resistance.

The MACD histogram has begun to decline and moved to the negative zone, which indicates a correction of the EUR/USD
currency pair.

Stochastic Oscillator is located near the oversold zone, the %K line crossed the %D line. There are currently no
signals.

Trading recommendations

Support levels: 1.13800, 1.13250

Resistance levels: 1.14400

If the statistics from the EU is positive, the growth of the EUR/USD currency pair may continue. The movement is
tending potentially to 1.14400-1.14500.

An alternative may be a corrective movement on EUR/USD to the level of 1.13500-1.13250.

The GBP/USD currency pair

Technical indicators of the currency pair:

Prev Open: 1.29955

Open: 1.29999

% chg. over the last day: +0.16

Day's range: 1.29905 – 1.30231

52 wk range: 1.1986 – 1.5020

On the GBP/USD currency pair, there is a pronounced upward trend. The pound reached a round level of 1.30000. At the
moment, the following key support and resistance levels can be identified: 1.29600 and 1.30250, respectively.
Nevertheless, technical correction is possible in the near future. We expect statistics from the UK and the USA.

At 11:30 (GMT+3:00), the index of business activity in the manufacturing sector of Great Britain will be published.

GBP/USD is around 50 MA, which is quite strong dynamic support.

The MACD histogram does not provide accurate signals. The indicator is near the 0 mark.

Stochastic Oscillator has gone out of the oversold zone, the %K line is above the %D line, which gives a signal to
buy GBP/USD.

Trading recommendations

Support levels: 1.29600, 1.28300

Resistance levels: 1.30250

If the data on business activity in the UK is upbeat, the upward trend in GBP/USD may continue. The target level of
movement is 1.30500-1.30750.

An alternative may be the correction of the GBP/USD currency pair to the level of 1.29600-1.29500.

The USD/CAD currency pair

Technical indicators of the currency pair:

Prev Open: 1.29941

Open: 1.29673

% chg. over the last day: -0.30

Day's range: 1.29639 – 1.29946

52 wk range: 1.2458 – 1.4692

Last week, aggressive sales were observed on the USD/CAD currency pair. During this period, the Canadian dollar
increased against the US dollar by more than 275 points. At the moment, the technical pattern indicates the
development of a corrective movement. A fairly strong reversal formation of technical analysis, price and MACD
histogram divergence, has emerged on the market. The key trading range is 1.29600-1.30100.

The news background on Canada's economy is calm today.

The price is close to 50 MA, which is a strong dynamic resistance.

The MACD histogram has begun to rise and fixed above the signal line, which indicates the growth of the USD/CAD
quotes.

Stochastic Oscillator is located in the neutral zone, the %K line is below the %D line, which gives the signal to
sell USD/CAD.

Trading recommendations

Support levels: 1.29600

Resistance levels: 1.30100, 1.30500, 1.31350

If the price fixes above the local resistance of 1.30100, a correction movement may develop on the USD/CAD currency
pair. The movement is tending potentially to 1.30500-1.30600.

Alternative option. If the USD/CAD rate overcomes the support level of 1.29600, the downward trend may continue. The
target level of movement is 1.29250-1.29000.

The USD/JPY currency pair

Technical indicators of the currency pair:

Prev Open: 112.137

Open: 112.112

% chg. over the last day: +0.18

Day's range: 112.066 – 112.943

52 wk range: 99.08 – 123.69

Today, the USD/JPY currency pair opened with a gap down. Aggressive purchases were observed in the Asian trading
session. The growth of еру USD/JPY quotations exceeded 75 points. At the moment, the price is testing a key
resistance of 112.900. The closest support is 112.500. We recommend paying attention to the US government bonds
yield.

Today, the Bank of Japan published positive statistics from Tankan. We expect economic reports from the USA.

The price is above 50 MA and 200 MA, which indicates the power of buyers.

The MACD histogram has fixed in the positive zone and above the signal line, which signals the growth of the USD/JPY
quotes.

Stochastic Oscillator is located in the overbought zone, the %K line crossed the %D line. There are no signals at
the moment.

Trading recommendations

Support levels: 112.500, 112.150

Resistance levels: 112.900

If the statistics from the US is positive, we recommend you to look for entry points to the market to open long
positions. The movement is tending potentially to 113.500.

An alternative may be a downward trend in USD/JPY towards 112.500-112.150. While following a position, it is better
to use a trailing stop.

This article reflects a personal opinion and should not be interpreted as an investment advice, and/or offer,
and/or a persistent request for carrying out financial transactions, and/or a guarantee, and/or a forecast of future events.